Average Rent in Henry County, MO↑ Rents rising 8.3% YoY🔻 4th cheapest in MO
HUD FY2027 · Official government data · Updated annually · Metro pop. 22,194
Market Overview
Henry County, MO has rental prices ranging from $670/month to $1,264/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $735/month — 47% below the national average of $1,400/month. With a median household income of $56,621/year, spending $735/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.
How Henry County Compares
With an average 2-bedroom rent of $962/month, Henry County ranks #91 most expensive of the 94 cities tracked in Missouri — more affordable than 77% of all US cities in our data.
The Henry County Rental Market
The Henry County, MO area has a population of about 22,194 and 26% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Henry County, MO have risen by $74/month (8.3%) over the past year, from $888 to $962. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.
Affordability
To afford a 1-bedroom apartment in Henry County, MO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $29,400. The local median household income of $56,621 exceeds that threshold by $27,221, making Henry County relatively accessible compared to local wages.
Economy & Jobs
Henry County, MO has an unemployment rate of 4.2%, 0.3 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.
Fair Market Rents
HUD FY2027Is Henry County, MO Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in MOlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Springfield | $908 | $913 | $1,113 | $1,539 | — |
| Cooper County | $695 | $735 | $962 | $1,278 | — |
| Howard County | $689 | $757 | $990 | $1,180 | — |
| Columbia | $749 | $959 | $1,076 | $1,459 | — |
| Joplin | $904 | $910 | $1,153 | $1,501 | — |
| Jefferson City | $731 | $735 | $962 | $1,332 | — |
Rent or Buy in Henry County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Henry County data
Buying breaks even after 5 years — worth it if you stay 5+ years.
Living in Henry County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Henry CountySalary needed to afford rent here
🗺️All Cities in MOSee how Henry County ranks statewide
⚖️Compare Henry CountySide-by-side rent & cost of living with any city
📋MO Tenant RightsDeposit limits, eviction laws & renters protections